Question: What Is Difference Between Trade Name And Business Name?

What does trading mean in a business name?

A trading as name is a name chosen by a business that is different from their registered company name.

Unlike the.

registered company name, the trading as name, or trading style as it is sometimes known, is never officially.

registered with Companies House..

What is a trade name example?

If a business owner wants to operate under a different name other than the company’s legal name, they can use a trade name instead. … For example, a company’s trade name is Mike’s, but their legal business name is Mike’s Corporation. A business can opt to have their business name and trade name be the same.

How do I choose a name for my business?

Here are 12 helpful suggestions on how to come up with a winning name for your business:Avoid hard-to-spell names. … Don’t pick a name that could be limiting as your business grows. … Conduct a thorough Internet search. … Get the .com domain name. … Use a name that conveys some meaning. … Conduct a trademark search.More items…•

If you are using your business name as your trademark, you can also register your business name as a trademark. Registering your trademark will give you exclusive rights to it in Canada for at least 15 years (you can renew it indefinitely as long as it is still being used).

How do I create a unique business name?

Use acronyms. A lot of major companies use acronyms instead of their full names – it’s easier to remember. … Create mash-ups. … Draw inspiration from mythology and literature. … Use foreign words. … Use your own name. … Take a look at a map. … Mix things up. … Partner with another company.More items…

Can 2 companies have the same name?

Because business names are registered on a state-by-state basis, the fact that a company in another state has the same name as yours is usually not a cause for concern. However, you are right in that there could be intellectual property issues (namely, trademark) when two companies have the same name.

What is a trading style of a company?

A trading style or trading name is a name a business chooses to use in addition to their official registered name.

What is a trade name for my business?

A trade name is the official name under which an individual as a sole proprietor or a company chooses to do business. A trade name is commonly known as a doing business as (DBA) name. As noted above, registering a trade name doesn’t give you trademark rights—that is a separate process. …

How do I use a trading name?

A trading name is the name (or names) used by a person, partnership or company for carrying out business, which is not the same as their own name or official registered name. A business may use as many trading names as it requires, but these cannot be registered as official names of the company.

How can I make sure my business name is not taken?

First check with your county clerk’s office to see whether your desired name is already on the list of fictitious or assumed business names in your county. (In a few states, there is just one statewide fictitious name database — if that’s the case in your state, your county clerk will tell you.)

What is the purpose of a trade name?

A company typically uses a trade name to conduct business using a simpler name rather than using their formal and often lengthier name. Trade names are also used when a preferred name cannot be registered, often because it may already be registered or is too similar to a name that is already registered.

Can you invoice a trading name?

For sales of less than $1000 (including GST), your tax invoices must include: the words ‘Tax invoice’ – preferably at the top. your identity as the seller, such as your business name or trading name (contact details are optional, but recommended) your Australian business number (ABN)

Can a company trade as another name?

It is possible to officially register a company name at Companies House, but then use one or more ‘trading names’ as required by yourself or your organisation. Some companies trade under different names, with the name registered at Companies House belonging to the original company.